Save More and Spend Less


Saving money has always been an important factor for maintaining your finances, irrespective of who you are and where you are. Saving more money is important than spending it. Improve your knowledge on finances and start saving more than what you have been saying till date. Make a plan as to how much you would want to save within the time you are going to retire.

What are the strategies you need to follow so that you can save more than the amount you spend every month?

Here are 5 easy steps to take:

  1. Plan wisely based on your financial situation – You need to plan wisely so that you can take the right steps towards financial freedom and security. The plan will have to be an all round one including the details of income and savings and the debts you owe. Therefore, you will have to follow strategies which would not help you save money but would also help you pay off the bills and become debt free as soon as possible.
  1. Establish and follow good financial habits – It is extremely important for you to establish and follow good financial habits. For example, you should make it a point to save money every month. You will have to make sure that you make on-time bill payments every month, much before the due date. This will help you in saving money and at the same time help you to get rid of debt problems.
  1. Keep a tab on money coming in and flowing out – You need to keep a tab on the money coming in and flowing out, as that is the best way in which you can solve your financial woes. If you find that the money flowing out is close to or more than the money coming in, it is high time you take required measures. It would be important to follow a frugal budget, so that you can go on to spend much less than what you make.
  1. Choose the right bank account for yourself – Simply saving money is not important. You will have to choose the right type of bank account and that too, more than one. Just as you will have to put money into a simple savings account, you will also be required to put money into retirement accounts. This is going to help you manage emergencies and yet have a secure retire future. It is important to have a regular savings account, a high yielding savings account, a certificate of deposit and more.
  1. Determine all of your priorities and maintain a list of the same – It is extremely important for you to determine all of the priorities and also maintain a list of the same. The money which you are going to spend should be based on the priority list. You will have to check the priority list such that you can decide if it’s possible to avoid spending money on the items low in the list.

This is how you can go on to save lots so that you can have a secure future.



Michelle Blackmore is a financial writer who has insightful knowledge on the contemporary financial issues and the economic state that the nation is going through. Presently she writes financial articles for websites, communities and blogs.

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  • The trick to having money for retirement is the same as the trick for obtaining wealth. Learn to make your money work for you instead of you working for your money. That means initially there may be some tough decisions on what you can / can’t have. But once you have your basic nest egg, it’s not that hard to make it grow.

    1) Use Dividend Stocks with dividend reinvestment
    2) Have a comfortable balance between risk and non-risk stuff.
    3) minimize debt – nothing is worth paying interest on borrowed money.
    4) Diversify your holdings – there is always a bull market somewhere. Don’t be a sucker to today’s hot sector.
    5) Know your investments
    6) Don’t let fear cause you to do stupid things. I have a lot of friends that moved their 401K into bonds in 2009 because they were afraid of the market implosion. Pity – they have missed out on one of the largest market rises in a long time, and their bond funds have been mostly flat since 2009.
    7) Know the difference between wants and needs. Never buy a want on credit.

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